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French Presidency responds to PSI call for FTT

04 April 2014
French President François Hollande and German Chancellor Angela Merkel
Following the publication of PSI's open letter to French President François Holland and German Chancellor Angela Merkel, PSI has received the following response from the French President's office:

Dear Madam General Secretary,

The President of the Republic acknowledges receipt of your letter concerning the issue of adopting a financial transactions tax at European level.

Mr. François Hollande has requested me to respond to you and to ensure you that he is attentive to the ideas in your letter.

On the occasion of the meeting of the French and German governments, which was held in Paris on 19 February, France and Germany agreed to implement this tax by the date of the European elections, in the framework of enhanced cooperation initiated during the European Council in June 2012.

The future system of financial transactions taxation must contribute to financial regulation, to improve public finances, and develop international solidarity. The President will do all that is necessary to make it happen.

Yours sincerely,

Emmanuel Macron
Deputy General Secretary
French Presidential office


Download the original letter in French (PDF)

Read PSI's letter to President Hollande and Chancellor Merkel

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